Simonds Farsons Cisk p.l.c. yesterday held its 79th Annual General Meeting following one of the most significant and transformational periods in the Group’s recent history. During the year, the Board implemented several important strategic initiatives aimed at strengthening the long-term positioning and focus of the Group’s beverage and food interests.

Chairman Louis A. Farrugia said that shareholders who have retained their holdings since the Trident Estates p.l.c. spin-off in 2018 now own interests in three distinct publicly listed companies. Whilst these companies continue to share common origins, governance principles and shareholder structures, each is now better positioned to pursue its own strategic priorities and long-term growth opportunities under dedicated Boards and management teams.

Outgoing Group CEO Norman Aquilina said that the previous year did not fall short of its challenges, but likewise achievements, as the beverage business delivered a turnover of €106.5 million together with an increase of 8% in profit before tax of €15.9 million.

Referring to his “22 incredible years” at Farsons, 16 of which as Group CEO, he thanked the Board and the Shareholders for the opportunity to have led this remarkable organisation through times of growth and challenge.

At the General Meeting, Mr Roderick Chalmers retired from the Board and the Audit & Risk Committee after 20 years of dedicated service. The Chairman described him as an invaluable member of the Board over many years and thanked him for his professionalism, sound judgement and wise counsel.

Mr David Valenzia, ex-Senior Partner at PwC Malta, who possesses extensive knowledge of both the local and international business environments, was appointed in his stead.

The Chairman also said that, following the establishment of Quinco Holdings p.l.c., Mr Norman Aquilina had been appointed as its Executive Chairman, and the Board appointed Mr Michael Farrugia as Chief Executive Officer of Simonds Farsons Cisk p.l.c., with effect from 1 July 2026.

During his address, Michael Farrugia said that leadership transitions are moments of both continuity and renewal, and that the Company looks to innovate and invest where it has conviction, where it sees long-term value creation, and where it can leverage its strengths.

The Chairman expressed sincere gratitude to Norman Aquilina, on his last AGM of Simonds Farsons Cisk p.l.c., and thanked him for his dedication in the role of CEO over the past sixteen years and wished him success in his new role.

The Board declared a final dividend of €0.145 per share, payable to shareholders on 25 June 2026, bringing the full-year dividend to €0.21.